Sohni Dharti Remittance
The long-awaited Project for overseas Pakistanis Sohni Dharti Remittance has been approved today by Economic Coordination Committee.
The National Remittance Loyalty Program is branded with the title Sohni Dharti Remittance program.
This Program’s focus is giving reward points against the remittances of overseas Pakistanis.
The number of points received by overseas Pakistanis depends upon the amount sent to Pakistan through legal channels.
These points could be redeemed into cash and noncash.
ECC approved that Cash redemption of points will only be offered to overseas who permanently shift back to Pakistan.
The Redemption of these remittance points will be in form of payments for PIA tickets and luggage booked through this State-owned flying service, payment of premium for State life Insurance Policy, payment of duty for mobile phones etc.
Mobile Application for Overseas
An application is also being launched where Overseas Pakistanis can monitor their Remittance points.
This application will have many other facilities for overseas Pakistanis.
Through this application, Overseas Pakistanis can avail of services of NADRA, EOAB, PIA, OPF, Roshan Apni Car and Roshan Apna Ghar Scheme.
Overseas Pakistanis from 175 countries have opened more than 248000 accounts in the Roshan Digital category.
Roshan Digital Bank account deposits now stand as $2.4 Billion and $1.6 Billion has been invested into Naya Pakistan Certificate.
In the first quarter of the new fiscal year, Overseas Pakistanis have sent record remittances of more than $8 billion.
This is mainly due to few reasons. One of the main reasons is Govt crackdown against illegal channels.
Payments sent through illegal channels pose a potential risk for the senders as Hawala Hundi payments are sometimes not received in Pakistan.
Remittances sent through illegal channels are for the benefit of both the country and the senders.
Find more detail about Roshan Digital Account on the SBP website
As payments sent through legal channels have no risk and are received in Pakistan.
This loyalty program with the name of Sohni Dharti Remittance Program will boost remittance in Pakistan.
Find more detail about using the reward Points of Sohni Dharti Remittance Mobile App in below post